December home sales increased 1.7 percent; median home price increased 8.4 percent.
Quick Facts:
· Existing, single-family home sales
increased 4 percent in December to a seasonally adjusted rate of
558,320 units on an annualized basis.
· The statewide median price of an existing single-family home increased 0.8
percent in December to
$306,820, compared with November 2009.
· C.A.R.’s Unsold Inventory Index fell to 3.8 months in December, compared with
5.6 months in
December 2008.